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Etowah News

JUDGE ALLOWS COUNTY TO SHED SEVEN FALLS

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Henderson County News

Vinson goes to prison

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Keith Vinson, convicted as the ringleader of the Seven Falls bank fraud that cost investors and banks $23 million, has been sent to federal prison in Atlanta for prrocessing.   Read Story »

Tags: Seven Falls | Keith Vinson

Henderson County Four Seasons Politics

LIGHTNING EDITORIAL: New chapter, new questions at Seven Falls

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Is a bankrupt developer who played a key role in assembling the property for Seven Falls the best hope for the subdivision’s salvation? Sadly, the answer may be yes.   Read Story »

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Henderson County News

Seven Falls value plunges again

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Lots in Seven Falls fell in value by an additional 40 percent in the new countywide property appraisal, continuing a sharp plunge from their peak when some buyers paid more than $100,000 for a home site.   Read Story »

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Henderson County News

County finishing up Seven Falls plans

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Henderson County officials are guardedly optimistic that a developer could come forward to rescue the Seven Falls development. Legal questions over ownership could complicate the scenario and nearly $6 million worth of work remains before any takeover could happen.   Read Story »

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Etowah Business

Seven Falls value has dropped by $45 million

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ETOWAH — As they watch what could be the final chapter of developer Keith Vinson's role in the collapsed Seven Falls project, property owners are looking ahead at what might happen to the subdivision and the possibility that one day someone might resurrect it.   Read Story »

Tags: real estate | Seven Falls | Keith Vinson

Etowah News

Road could worsen problems at Seven Falls, ECO says

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ETOWAH — Seven Falls landowners are facing an even longer delay to get answers about the future of the failed development.   Read Story »

Tags: Henderson County Commissioners | ECO | Seven Falls

Etowah News

Legal questions jeopardize Seven Falls roadwork

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Work to repair heavy erosion damage, build roads and install water and sewer lines at the abandoned Seven Falls development will be delayed definitely, the Henderson County Board of Commissioners learned today, while the county tries to extricate itself from a complicated legal thicket.   Read Story »

Tags: Seven Falls | Keith Vinson

Henderson County News

Seven Falls Q&A

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What is a development agreement? State law allows counties to enter into development agreements for projects of more than 25 acres, recognizing that "large-scale development projects often occur in multiple phases extending over a period of years."   Read Story »

Tags: Seven Falls | Henderson County planning | Keith Vinson

Henderson County Business

County authorizes grading, roads at Seven Falls

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ETOWAH — The Henderson County Board of Commissioners, cast in a caretaker role for the failed Seven Falls development, has authorized engineers to move ahead with roads and utility lines on the scarred land.   Read Story »

Tags: economic development | ECO | Seven Falls | Keith Vinson | environment

Etowah Business

County gets $6 million bond for Seven Falls failure

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Henderson County had received the $6 million it was owed when a developer failed to complete work at the failed Seven Falls Golf and River Club subdivision on the French Broad River in Etowah.   Read Story »

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Henderson County Business

Seven Falls insurer again appeals bond ruling

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The insurer that guaranteed the site work for the failed Seven Falls development filed a last-minute appeal that will prevent Henderson County from getting a $6 million check, at least for now.   Read Story »

Tags: Seven Falls | Keith Vinson

Etowah Business

Seven Falls insurer must pay bond, appeals court says

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A North Carolina Court of Appeals ruling could mean that Henderson County will receive a bond payment resulting from the failure of the Seven Falls development to make improvements.   Read Story »

Tags: real estate | Seven Falls